Austrian to save &euro;150 million on personnel

Austrian Airlines Group yesterday said it agreed with all works councils to reduce personnel expenses by 5% from 2010 to 2015, saving the company €150 million ($209.6 million). "The details of the package are rapidly being negotiated by the social partners. It will not include any extra job cuts beyond the 1,000 posts already announced," AAG said (ATWOnline, July 3).